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People & Business :: Earnings/Finance
Cereplast reports big increase in sales for second quarter; net loss mounts
12:13 PM MDT | August 15, 2013 | Michael Ravenscroft
Cereplast (Seymour, IN) reports that its gross profit in second-quarter 2013 was $93,000 compared with a loss of $7,000 for the year-ago period. Net sales in second-quarter 2013 were $747,000 versus $190,000 a year ago, a more than threefold increase year-on-year. The net loss in the second quarter this year rose to $8.7 million, more than double the net loss of $3.9 million in the corresponding period a year ago. "On a comparable basis to 2012, we are pleased with the revenue growth we have enjoyed thus far in 2013. The majority of this growth is from...
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